ROSEN, CHIEF INVESTOR OF INVESTORS, encourages MongoDB, Inc.

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of MongoDB, Inc. (NASDAQ: MDB) securities between August 31, 2023 and May 30, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must request the Court no later than September 9, 2024.

SO: If you purchased MongoDB securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO: To join the MongoDB class action, go to https://rosenlegal.com/submit-form/?case_id=27182 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for class action information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must request that the Court no later than September 9, 2024A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified attorneys with a track record of leadership roles. Often, companies issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Choose your attorneys wisely. Rosen Law Firm represents investors around the globe, concentrating its practice in securities class action lawsuits and shareholder derivative litigation. Rosen Law Firm achieved the largest settlement ever in a securities class action lawsuit against a Chinese company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action lawsuit settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, founder Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period created the false impression that they had reliable information about the company’s expected revenue prospects and growth, while also minimizing the risk of seasonality and macroeconomic fluctuations. In reality, the restructuring of MongoDB’s sales force, which prioritized reducing friction in the enrollment process, resulted in a complete loss of pre-commitments; a significant reduction in the information collected by their sales force about the trajectory of new MongoDB Atlas enrollments; and reduced pressure for new enrollments to grow. Defendants misled investors by providing the public with materially flawed statements of confidence and growth projections that failed to take these variables into account. When the true details emerged, the lawsuit alleges investors suffered damages.

To join the class action against MongoDB, please visit https://rosenlegal.com/submit-form/?case_id=27182 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for class action information.

There is no class certification. Until a class is certified, you are not represented by counsel unless you hire one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Advertisement from lawyers. Previous results do not guarantee a similar outcome.

Contact details:

Laurence Rosen, Esq.
Philip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com